Let’s be honest...most people were expecting the market to go one way or another by now. But here we are, middle of the year, prices ticking up slightly, sales picking up, and a bit more realism from both buyers and sellers.

It’s not booming, but it’s certainly not crashing. It’s a stable market right now, but only if you get your pricing and strategy right.

Here’s a few key points from June, broken down without the fluff:

Sales are moving...but slowly if priced wrong

We’ve seen a 6% increase in sales compared to this time last year, which is encouraging. But let’s not kid ourselves...overpricing kills interest.

Plenty of homes have been sat on the market for 6 months or more. If you’re still waiting for a premium buyer to knock on the door with no viewings booked… it’s probably a pricing issue.

Buyers are being picky...and have more choice

Stock is up 14% nationally compared to last year. That means more competition for sellers and more power for buyers.

So if your marketing isn’t sharp, your listing price is optimistic, or your agent isn’t proactive, you’ll get left behind.

It’s all about value right now

Homes under £250,000 are selling the fastest and holding value. It’s a very different story for anything over £500,000, where there’s more negotiation and often longer sales timelines.

London is mostly flat, with inner-city prices actually dropping slightly in places. Meanwhile, some of the best-performing areas in the country are places like Wigan, Blackburn, and Falkirk – where buyers still feel like they’re getting a deal.

Don’t expect buyers to think like sellers

A reminder we keep giving: just because your neighbour got a certain price in 2022 doesn’t mean you will now. Buyers aren’t rushing, and most are watching rates and costs closely.



Key stats at a glance:

• UK house price growth (annual): +1.4%
• Average house price: £268,400
• Sales agreed: +6% YoY
• Average time to sell: 45 days
• % of homes still unsold after 6 months: 22%

Bottom line:
If you're serious about selling, make sure your price is right from the start, and your agent is actually doing the job...not just listing and waiting.

If you're buying, there’s more stock than there’s been for a while, it could be the best window to make a smart move.

As always, feel free to get in touch directly or check out if you want a no-nonsense view of your property or the market in your area.

Want to work with me, invest with me or book me to speak? Contact charlie@charliepanayi.com

Information generated from zoopla, rightmove, hometrack and general knowledge.